Business
Max Resource Exploration and Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - December 30, 2019) - MAX RESOURCE CORP. (TS...
About this update from Max Resource Corp
[{"type":"text","content":"Max Resource Exploration and Corporate UpdateVancouver, British Columbia--(Newsfile Corp. - December 30, 2019) - MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D1) (\"Max\" or the \"Company\") is pleased to announce the completion of a successful 8-week exploration program at the Company's 100% owned Cesar copper-silver project, located 420 km north of Bogota, Colombia.The final shipment of samples has arrived at ALS Minerals Medellin with initial analysis results expected in the new year.\"Max's copper exposure from the recently acquired Cesar copper-silver project bears well for the Company with recent reports stating the copper market is looking the tightest since the peak of the commodities super-cycle with indications it will get even tighter in 2020,\" Max CEO, Brett Matich, stated. \"We are looking forward to re-commencing exploration in mid-January 2020,\" he continued.Cesar Copper-Silver ProjectCesar is located in north east Colombia and represents a type of sedimentary hosted copper-silver mineralization which is typically flat lying, near surface and is known to be extensive in Africa, Poland, Equator and Colombia. Historically, the Cesar copper belt has only been explored from a local context, but never in a broader larger-scale perspective. The initial exploration program identified 19 distinct mineralized copper occurrences over an area of 9 sq. km, which is open in all directions. Initial grab sample assays ranged from 0.3% to 4.2% copper with: 34 of the 43 assaying in excess of 1% copper, 15 of the 43 assaying in excess of 2% copper, and 4 of the 43 samples assaying in excess of 3% copper. Silver values ranged from 1 to 116g/t. The Company cautions investors that grab samples are selected samples and are not necessarily representative of mineralization hosted on the property.North Choco Gold-Copper ProjectNorth Choco consists of wholly owned mineral applications (250 sq. km), located approximately 80 km SW of Medellin, Colombia. The recent NW Gold-Copper Discovery (refer to 29 October 2019 news release) outcrop reported 1 metre of 49.8 g/t gold and 4.3% copper, which continues under cover in both directions. The target area is also coincident with a Long Wave InfraRed (LWIR) anomaly and with elevated gold-copper soil values. Future work would focus on mapping and sampling along strike to extend the zone...